Sweet Dreams Candy Company is implementing a target costing approach for its latest new product, the Big Glob candy bar. The following information relates to the Big Glob project: Target cost per candy bar Expected annual sales (in units) Required investment in additional assets Desired return on investment Price elasticity of demand Variable selling cost per unit Variable manufacturing cost per unit Fixed manufacturing cost per unit Fixed selling costs per period $0.37 500,000 $750,000 0.15 -1.5 $0.1 $0.21 $0.07 $257,500 The selling price based on the absorption costing approach for this product would be closest to: (Round to two decimal places. Do NOT enter dollar signs, commas or other characters. Enter a minus sign for negative amounts)